Waynesboro Plaza

Price: $3,086,400
Sq. Ft.: 20,480
Cap Rate: 8.0%
Built: 2003

Marcus & Millichap is pleased to present the opportunity to acquire a 20,480-square-foot, multi-tenant retail center located in Waynesboro, Mississippi. Waynesboro Plaza is 100 percent occupied, and all leases are triple-net. The tenant base features 100 percent national tenants, including Dollar Tree, CATO, AT&T, Advance America, and Hibbett Sporting Goods. Dollar Tree, CATO, and Advance America have occupied the center since origination. Constructed in 2003, the center is situated on a 2.2-acre parcel with ample paved parking.

Waynesboro Plaza is located on Azalea Drive, positioned near the intersection of Sullivan Drive, and has multiple ingress and egress points. Traffic counts along Azalea Drive exceed 6,654 vehicles per day. The center is shadow-anchored by Walmart Supercenter; other neighboring national retailers include Tractor Supply Co., Popeyes Louisiana Kitchen, Wendy’s, Sonic Drive-In, KFC, Walgreens, AutoZone Auto Parts, McDonald’s, Dirt Cheap,  Budget Inn, Travelers Inn & Suits and many others. Waynesboro Plaza is also in close proximity to multiple school campuses, providing additional traffic to the area. The average household income is $51,670 within three miles; $57,766 within five miles; and $62,036 within ten miles.

  • 20,480-Square-Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by Walmart Supercenter
  • Strong Tenant Based Featuring 100% National Tenants | 93% of the GLA is Leased to Publicly Traded Companies | Dollar Tree (NASDAQ: DLTR) | CATO (NYSE: CATO) | AT&T (NYSE: T) | Hibbett Sports (NASDAQ: HIBB)
  • Long Term, Established Tenant Base | 70% of the GLA has Occupied the Center Since Origination
  • Located on Azalea Drive Near the Intersection of Sullivan Drive | Traffic Counts Are Approximately 6,654 Vehicles per Day
  • Nearby National Retailers and Multiple School Campuses Provide Additional Traffic to the Area
  • Priced at $151 per Square Foot
  • Three-Mile Average Household Income is $51,670; Five-Mile Average Household Income is $57,766; and 10-Mile Average Household Income is $62,036
  • Waynesboro is the County Seat of Wayne County | Located East of the Historic Chickasawhay River